4 Things You Must Check While Buying a Property

Shruti Tendulkar
Sep 4, 2018 · 2 min read
*Image Source Google

Buying a house is a huge investment. In fact, it is the most significant purchase of your life. So, if you have found a property worth and planning to invest in it, then there are certain things you need to keep in mind before fetching the money. Here’re the few things you need to know before investing in a property –

Carpet area of the property: This is one of the most important things you need to consider while buying a property. The built-up area of a house includes facilities used by all residents i.e., staircase, elevators, corridors, etc. But, what an owner actually uses is the carpet area of the property, thus make sure you know the carpet area of the property. You must ask your developer for the break-up of a built-up area and carpet area.

Choose the agent carefully: This is yet another most important factor you need to consider while buying a house. You must talk to few different agents before deciding on one. Find out what kind of experience they have plus how many projects they have delivered successfully in the past. In addition to this, find out how many buyers they are representing and ask them to share their references.

Ensure that your project comes under RERA: The Real Estate Regulation Act ensures the timely delivery of projects by preventing the developer from funding your money to other projects. Although, not all projects are covered by RERA as some states have still not implemented this act.

Location of the property: Choose your location wisely while buying a house. Buyers usually prefer a house that is close to the workplace, school, hospitals, and other facilities. Thus, after shortlisting the property, it is important for a buyer to visit the location at least 2–3 times and get a complete experience of the area.

Buying a property can be a daunting task. Thus, keep these few critical checks in mind when you make the purchase decision. Besides, if you are looking for exquisite properties in Andheri, then go for Lodha Luxury; it’s upcoming new project in Andheri West is an ideal amalgamation of comfort and luxury.

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